With all of this economic doom and gloom that is going around these days it is a legitimate question. Can what happened in Cyprus happen here? I think that it is not outside the realm of possibility. I don't think it is because we are economically as weak as the EU. I think it is because of the political situation in the US. It seems to be that every time there is some sort of crisis the government decides to "step" in and rescue the poor dumb people. When they are "stepping" in they also exert their control over the system that they "help". So every time they see a crisis they never let it go to waste. I just hope the the people in our country will wake up and smell the coffee at some point. The United States is involved in so much globally that we are the economic super power of the world. If you disagree with me than why do so many other countries want to buy our debt? The answer is so that they can be involved with us economically. Think about it larger credit card companies sell their debt to smaller companies right? So what is the difference here? The problem will occur only if the entire globe goes into a severe depression. If this occurs then the us will face a "Cyprus" type situation. Most economists think the chances are remote but they still are remote which means it is possible. " If you fail to plan you plan to fail"
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